Home > Lake Zurich Real Estate Market
Winter 2020 Market Update
If you can qualify, now is an exceptional time to buy a home in Lake Zurich. Call now for more information at 847-525-7487 or 847-894-0891.
Average Sold Home Price: $475,000

Average Time on Market: 90-120 days

Best Selling Price Range: $400,000 - $449,000

Existing Home Prices for the past 90 days: Decreasing

Market Trend: Decreasing

Buyer's or Seller's Market: More buyers than sellers

Buyer Activity for the past 90 days: Increasing

Seller Activity for the past 90 days: Increasing

Multiple Offers? Yes

Multiple Offers Commentary: Homes that are nicely updated with good locations and are priced very well to sell, will get multiple offers.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? 15-20%

Is Financing Available For Qualified Buyers? Yes

Comments on Financing For Qualified Buyers: Dana and Sadie work with many experienced lenders that can secure loans for their clients.

Housing Inventory: Very tight market

Housing Inventory Comments: We are seeing a shift in our housing market. Move in condition homes with nice updates are in limited supply. This translates to multiple offers on homes for sale.

Greatest Activity: First Time Buyers

Best reason to buy or sell: Lower prices with good selection and competitive interest rates creates a perfect time to buy in Lake Zurich!

Nearest Metro Area: Chicago

Housing Hot Spots: Most cities within the Lake County area are considered ’Housing Hotspots’

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Mortgage Rates for Feb 23rd, 2020
30 year fixed rate: 4.51%
15 year fixed rate: 3.90%
30 year jumbo rate: 4.41%
15 year jumbo rate: 4.12%
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HouseHunt, Inc.
Specializing in Lake Zurich Real Estate
19671 Beach Blvd. Suite 206
Huntington Beach, California 92648
1-888-832-2244
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(Because current market conditions can change rapidly in any given marketplace,
please check with Top Agent for current Lake Zurich, IL market conditions before acting on this information.)
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